Bank of the Carolinas has reduced its top executive's pay. CEO Stephen Talbert saw his salary fall 3.7 percent in fiscal 2013 to $220,000, according to a filing with the U.S. Securities and Exchange Commission. The Mocksville-based bank (OTC: BCAR) reported a loss for the year of $2.3 million, according to the Winston-Salem Journal. The community bank was hobbled for years by the real estate crash and recession.